Howard County Executive Ken Ulman approved a $17 million financing plan today for the Annapolis Junction Town Center Project, according to a news release.
The Annapolis Junction Town Center is part of the county’s first Transit Oriented Development project, and the financing plan is the first major step toward the project’s development.
The plan allows for a four-story, 704-space commuter parking garage to be constructed next to the MARC Savage Station, which will provide commuters with access to MARC’s Camden Line and Fort Meade. Construction will begin in the spring.
“This is exactly the type of project we need in Howard County to take complete advantage of our access to transit and our proximity to Fort Meade,” County Executive Ulman said in a statement. “We are now creating the housing, services and transportation options for the tens of thousands of jobs that are coming to the region thanks to BRAC.”
The site will encourage office, retail and residential development within walking distance to the transit system. Plans for the Annapolis Junction Town Center include 416 apartments; 100,000 square feet of office space;17,450 square feet of retail space, and a 150-room hotel.
The project will ultimately increase transit ridership and reduce sprawl, according to the release.
"Transit Oriented Development is a critical part of our effort to curb greenhouse gas emissions and reduce traffic congestion while fostering economic growth and building a more sustainable future for Maryland," said Lt. Governor Anthony Brown. "Annapolis Junction will be an important part of that future, and will give both military families and Howard County residents a great place to live, work and shop."